Silver spot price
Market
Price per unit
LBMAOfficial benchmark
The LBMA is the London Bullion Market Association. Once a day the major bullion banks settle on one official price, the fix. It's the number the physical bullion trade quotes against, so dealers set their premiums over it.
Published once a day in London.
Current fix set June 26, 2026, 12:00 p.m. London time
Gold-to-Silver ratio
How many ounces of silver one ounce of gold buys at live spot. Stackers watch the gold-to-silver version to judge which metal is the better value right now.
Melt value calculator
The raw metal value of an item at the live spot price. Pick the metal, its purity, and the weight.
This is just the metal value. To check if the price you're paying for a silver coin or bar is a deal, use the Quick Check calculator.
Is a specific silver coin or bar a fair price?
Spot is the raw metal. silver coins and bars always sell a bit above it, and a normal premium is not overpaying. To judge a real listing, use Quick Check, our silver price calculator. It compares the all-in price against typical dealer retail, so you see whether it is a deal.
Open the silver price calculatorLive market data. LBMA figures are the official daily benchmark.
What moves the Silver price
Silver wears two hats, and that's why it swings more than gold. Half its demand is industrial (solar panels, electronics, wiring), so it rises and falls with how busy the economy is, not just with fear and money flows. The other half trades like gold, on rates, the dollar, and safe-haven buying. Because the silver market is smaller, the same amount of buying or selling pushes the price further, so the moves look wilder. Watch the gold-to-silver ratio (how many ounces of silver one ounce of gold buys). When it stretches wide, some stackers take it as a sign silver is low relative to gold.
Common questions
What is the spot price?
Spot is the live price of one troy ounce of the pure metal, the baseline the whole market quotes against. It's the raw metal value, before any coin or bar premium. Our price updates through the day in the currency you pick.
What is the LBMA fix?
The LBMA (London Bullion Market Association) sets an official benchmark price twice a day, in the morning and the afternoon. The major bullion banks settle on one number, and the physical metal trade quotes against it. It's the most authoritative reference price for bullion.
Why does a coin or bar cost more than spot?
Spot is the raw metal only. Coins and bars always sell a bit above it to cover minting, distribution, and the dealer's margin. That extra is the premium, and a normal premium is not overpaying. To judge a real listing, check the all-in price against typical dealer retail.
What is a troy ounce?
A troy ounce is the standard unit for precious metals. It weighs about 31.1 grams, which is roughly 10 percent more than the regular (kitchen) ounce of 28.35 grams. Always price bullion in troy ounces, not regular ounces.
What is a pennyweight?
A pennyweight (dwt) is one twentieth of a troy ounce, about 1.555 grams. Jewelry and scrap-gold dealers often quote prices per pennyweight, so it's handy when comparing what a buyer is offering for jewelry.
Buying Silver at auction?
Spot moves every day. Bookmark this page and check back any time.